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The U.S. trade deficit fell to the lowest level in nearly six years in December as the recession depressed demand for imports. The trade deficit in 2008 fell for a second straight year, and economists expect an even bigger decline this year. The Commerce Department said today that the deficit in December fell 4 percent, […]

Indiana State Police say it might be mid-afternoon before the southbound lanes of Interstate 65 completely reopen on the south side of Indianapolis after a tanker truck carrying 8,500 gallons of fuel overturned this morning. State police say crews must drain the fuel from the tanker truck before it can be removed. Sgt. Anthony Emery […]

A new proposal would help fix Indiana’s depleted unemployment insurance fund by raising taxes on employers. The Indiana House labor committee voted 9-3 yesterday to raise more money from businesses by increasing both the taxable wage base and tax rates. The plan wouldn’t raise enough money to immediately fix the fund, which is currently paying […]

The Indiana House approved two massive spending bills yesterday – a job-creation proposal that would funnel $1 billion toward local road projects and an education budget that would give schools a 2-percent spending increase. Some Republicans objected to both bills because they would each tap into reserve or trust funds to help pay for the […]

Investors are frustrated with the government’s latest bank bailout plan – and showing it by unloading stocks. The major stock indexes fell more than 4 percent today, including the Dow Jones industrial average, which tumbled 382 points. Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability […]

A longtime Wayne County judge has been named the new chairman of the Indiana Alcohol and Tobacco Commission. Gov. Mitch Daniels appointed Judge P. Thomas Snow to the position today. Snow has been a Superior Court judge in the eastern Indiana county, which includes Richmond, since 1989. He will start as alcohol commission chairman on […]

The U.S. Postal Service announced today that the price of a first-class stamp will rise 2 cents, to 44 cents, on May 11. That gives plenty of time to stock up on Forever Stamps, which will continue to sell at the current 42-cent rate until the increase occurs. They will remain valid in the future […]

A Muncie plant that makes boxes for a variety of consumer products has announced that it will close, putting 154 employees out of work. Graphic Packaging International plant manager Rich Maday said the company announced the plans today. Work at the plant will be moved to other factories by the summer. Marietta, Ga.-based Graphic Packaging […]

General Motors Corp. said today it will cut 10,000 salaried jobs, citing the need to restructure itself with a government deadline looming and amid some of the worst sales in the auto industry’s history. The Detroit-based automaker said it will reduce its total number of salaried workers to 63,000 from 73,000 this year. About 3,400 […]